Beaumont Financial Partners LLC Buys Shares of 2,771 CROWN CASTLE In/SH SH (CCI)

Beaumont Financial Partners LLC bought a new position in CROWN CASTLE In/SH SH (NYSE:CCI) during the third quarter, HoldingsChannel.com reports. The firm bought 2,771 shares of the real estate investment trust’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashfield Capital Partners LLC lifted its holdings in shares of CROWN CASTLE In/SH SH by 12.3% in the 3rd quarter. Ashfield Capital Partners LLC now owns 83,343 shares of the real estate investment trust’s stock worth $9,279,000 after purchasing an additional 9,151 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of CROWN CASTLE In/SH SH by 1.3% in the 3rd quarter. Copeland Capital Management LLC now owns 57,581 shares of the real estate investment trust’s stock worth $6,410,000 after purchasing an additional 736 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of CROWN CASTLE In/SH SH by 0.7% in the 3rd quarter. Sterling Capital Management LLC now owns 846,642 shares of the real estate investment trust’s stock worth $94,257,000 after purchasing an additional 5,594 shares in the last quarter. Willingdon Wealth Management lifted its stake in CROWN CASTLE In/SH SH by 223.1% during the 3rd quarter. Willingdon Wealth Management now owns 61,669 shares of the real estate investment trust’s stock valued at $6,866,000 after acquiring an additional 42,581 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC lifted its stake in CROWN CASTLE In/SH SH by 0.4% during the 3rd quarter. Klingenstein Fields & Co. LLC now owns 270,379 shares of the real estate investment trust’s stock valued at $30,101,000 after acquiring an additional 1,088 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

In related news, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total value of $279,315.96. Following the completion of the sale, the director now owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Langenfeld Cynthia K. Christy acquired 900 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average cost of $106.19 per share, with a total value of $95,571.00. Following the acquisition, the director now owns 25,424 shares in the company, valued at approximately $2,699,774.56. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

Several equities analysts have weighed in on CCI shares. Guggenheim restated a “buy” rating and set a $120.00 price objective on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Cowen restated a “buy” rating and set a $121.00 price objective on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Zacks Investment Research upgraded CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Thursday, July 19th. UBS Group set a $120.00 price objective on CROWN CASTLE In/SH SH and gave the company a “buy” rating in a research note on Friday, September 28th. Finally, ValuEngine upgraded CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $117.67.

NYSE CCI opened at $111.03 on Tuesday. The firm has a market cap of $45.36 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.34 and a beta of 0.35. CROWN CASTLE In/SH SH has a one year low of $98.85 and a one year high of $114.97. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.33.

CROWN CASTLE In/SH SH (NYSE:CCI) last released its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. CROWN CASTLE In/SH SH had a return on equity of 4.22% and a net margin of 10.07%. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. As a group, sell-side analysts forecast that CROWN CASTLE In/SH SH will post 5.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $1.125 per share. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.05%. This is a boost from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, December 13th. CROWN CASTLE In/SH SH’s payout ratio is presently 86.60%.

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CROWN CASTLE In/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.

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Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CROWN CASTLE In/SH SH (NYSE:CCI).

Institutional Ownership by Quarter for CROWN CASTLE In/SH SH (NYSE:CCI)

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